We are all so relieved that the price of oil is dropping a bit. And ever so thankful that gasoline is getting a bit less expensive too. But no one is asking the big question: WHY?
The news is saying that U.S. demand has dropped. That's true, but demand has been dropping significantly since May. And oil & gas are just now dropping in response??? Bull!
T. Boone Pickens' ad was running, encouraging support of alternative energy, less dependence on oil, especially foreign oil. And a few politicians were trying to get approval through for significantly increased oil exploration and drilling off the coasts of the US mainland. But all of that has fallen by the wayside since we've experienced a few dollars off the price of a barrel of oil. Wake up America!!! We are being manipulated again.
Big oil, especially OPEC, is afraid that we actually might develop alternative energy sources and make a huge dent in their flow of US dollars. The best way to cut that off at the knees is to lower the price of oil. All of a sudden, we as a nation are being swayed to drive again, use lots of gas and oil now that it's cheap again.
We need to keep up the pressure to develop those other energy sources. If we don't, this will happen again, oil will rise again, this time to well over $200 per barrel.
Tuesday, August 5, 2008
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